Tag: El Nino impact
Govt draws up contingency plans for 315 districts amid 42% rain deficit
New Delhi: With India recording a 42% rainfall deficit till June23 in this monsoon season amid an emerging El Nino, the government has intensified contingency…
RBI MPC member Nagesh Kumar flags import dependence, Gulf remittances, El Nino risks in minutes
India’s heavy reliance on imported oil and fertilisers routed through the Strait of Hormuz, its dependence on remittance inflows from the Gulf and the possibility…
Ample world inventories may soften El Nino food supply shock
A super El Nino is likely to unsettle global weather and threaten food output in the coming months, but near record world inventories, expectations of…
RBI likely to keep status quo on policy rate as threats loom
Mumbai: The Reserve Bank of India is likely to leave the policy rate unchanged at its June meeting, according to a majority of economists in…
Resilient Indian economy may face West Asia headwinds; El Nino impact likely on agri output: RBI
Mumbai: India’s economy could face headwinds due to higher energy prices and supply chain disruptions, while the likelihood of El Nino conditions could hit agriculture…
Impact on growth and inflation to depend on duration of West Asia conflict: MPC says
Kolkata: Reserve Bank of India’s monetary policymakers said a prolonged West Asia conflict could cast a long shadow on economic growth and inflation, although the…